Trilogy Metals Inc. — Director's Dealing 2019

Oct 23, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Trilogy Metals Inc. (TMQ)
CIK: 0001543418
Period of Report: 2019-10-21

Reporting Person: Gowans James (Director, Interim CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-10-22	Common Shares	P	3000	$1.84	Acquired	49200	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-10-21	Employee Stock Option (Right to Buy)	$1.85	A	550000	Acquired	2024-10-20	Common Shares (550000)	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions ranging from C$2.38 to C$2.42. The reporting person undertakes to provide to Trilogy Metals Inc. ("Issuer"), any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote. The Canadian weighted average price of C$2.41 was converted into U.S. dollars based on an exchange rate of C$1.3094=US$1.00.

F2: The Canadian exercise price of C$2.42 was converted into U.S. dollars based on an exchange rate of C$1.3096=US$1.00.